SmarTone Wins 3G License in Macau
Published on: 22nd Sep 2009
Note -- this news article is more than a year old.
Hong Kong based SmarTone has announced that its Macau subsidiary has been granted a 3GĀ license and plans to launch a WCDMA based network next year. SmarTone Macau says that it will invest over MOP 180 million (USD23 million) in the first four years to build its 3G network.
"The 3G licence will enable us to introduce more effective competition in the Macau market by offering unique 3G multimedia services which are more compelling than those currently available," said Mr. Douglas Li, CEO of SmarTone Telecommunications Holdings Limited. Leveraging on the Group's leadership in mobile and broadband services in Hong Kong, SmarTone Macau is in a very strong position to provide relevant and compelling 3G services in Macau.
SmarTone Macau also welcomed the regulator's effort to start liberalising the local and international leased-line market in 2010 so as to rectify the current regulatory regime enjoyed by the incumbent integrated operator.
"Our 3G investment in Macau demonstrates our long term commitment to the markets where we operate and also provides long term value to our shareholders," said Mr. Li.